August 27, 2014 8:45 PM ET

Communications Equipment

Company Overview of Garmin International, Inc.

Company Overview

Garmin International, Inc. designs, manufactures, markets, and sells navigation, communication, and information devices for automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. It offers on road products, such as automotive, motorcycle, trucking, and traffic receivers; in sports products for golfing, running, and cycling; on the trail devices, including basic handhelds, mapping handhelds, two-way radios, dog tracking systems, and electronic dog training systems; and devices used on water, such as sounders, fish finders, handhelds, radars, autopilots, and marine networking devices, as well as touch screen controlled marine chart plotters. The company provi...

1200 East 151st Street

Olathe, KS 66062-3426

United States

Founded in 1989

Phone:

913-397-8200

Fax:

913-397-8282

Key Executives for Garmin International, Inc.

Co-Founder and Chairman Emeritus
Age: 76
Chief Financial Officer and Treasurer
Age: 51
Vice President
Age: 58
Vice President of Worldwide Sales
Age: 64
Vice President of Communications
Compensation as of Fiscal Year 2014.

Garmin International, Inc. Key Developments

U.S. International Trade Commission Institutes Section 337 Investigation of Certain Marine Sonar Imaging Systems, Products Containing the Same, and Components Thereof

The U.S. International Trade Commission (USITC) has voted to institute an investigation of certain marine sonar imaging systems, products containing the same, and components thereof. The products at issue in this investigation are side-scan, sonar imaging systems-typically referred to as "fishfinders." The investigation is based on a complaint filed by Johnson Outdoors Inc. and Johnson Outdoors Marine Electronics, Inc. on July 18, 2014. The complaint alleges violations of section 337 of the Tariff Act of 1930 in the importation into the United States and sale of certain marine sonar imaging systems, products containing the same, and components thereof that infringe patents asserted by the complainants. The complainants request that the USITC issue a limited exclusion order and cease and desist orders. The USITC has identified the following as respondents in this investigation: Garmin International, Inc., Garmin North America, Inc., Garmin USA, Inc. and Garmin Corporation. By instituting this investigation (337-TA-926), the USITC has not yet made any decision on the merits of the case. The USITC's Chief Administrative Law Judge will assign the case to one of the USITC's administrative law judges (ALJ), who will schedule and hold an evidentiary hearing. The ALJ will make an initial determination as to whether there is a violation of section 337; that initial determination is subject to review by the Commission. The USITC will make a final determination in the investigation at the earliest practicable time. Within 45 days after institution of the investigation, the USITC will set a target date for completing the investigation. USITC remedial orders in section 337 cases are effective when issued and become final 60 days after issuance unless disapproved for policy reasons by the U.S. Trade Representative within that 60-day period.

Garmin International, Inc. Dismisses Mayer Hoffman McCann P.C. as Independent Auditor

On July 21, 2014, the Garmin International, Inc. Retirement Plan (the 'Plan'), dismissed Mayer Hoffman McCann P.C. as the Plan's independent auditor for the Plan's fiscal year ending December 31, 2014. Garmin Ltd.'s audit committee has approved the dismissal of Mayer Hoffman McCann P.C.

Garmin International, Inc. Introduces New G3X Touch 7-Inch Touchscreen Display Option and Connext Cockpit Connectivity for Experimental Aircraft

Garmin International, Inc. announced a new 7-inch G3X Touch display option for experimental amateur-built and light sport aircraft. The new high-resolution infrared touch screen display complements the existing 10.6-inch G3X Touch system, offering new panel design options and redundancy. All G3X Touch displays support Connext cockpit connectivity between avionics and mobile devices featuring wireless flight plan transfer capabilities and more. The 7-inch G3X Touch display features a robust, infrared touch screen display, which utilizes Garmin's experience in glass cockpit technology. Pilots and homebuilders who own amateur-built and light sport aircraft will be delighted with the 7-inch display, particularly if height and width constraints are of concern in the aircraft panel. Additionally, owners wanting multiple displays have the option of installing up to three displays, using any combination of 10.6-inch or 7-inch G3X Touch displays. Pilots will also notice a similar user-interface and seamless integration between the different size displays. Incorporating multiple G3X Touch displays into one panel provides added redundancy and enhanced functionality. When paired with a 10.6-inch display, the 7-inch G3X Touch system can serve as a dedicated display for a variety of features including traffic awareness, full-screen moving map, geo-referenced charts, engine information and even serve as a back-up primary flight display (PFD). Also new, G3X Touch offers the benefits of Connext cockpit connectivity. Pilots are offered the convenience of flight planning on a tablet using Garmin Pilot(TM) and the simplicity of wirelessly transferring flight plans via Bluetooth(R) to the G3X Touch system. A G3X Touch system with a GDL 39R shares GPS, attitude, traffic and weather data with a mobile device for display using Garmin Pilot.

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